By Christopher Yasiejko (Bloomberg) --Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision to side with the company. If a ruling Monday by a Los Angeles federal judge is followed by others, it could offer the cruise line something of a safe harbor under the Death on the High Seas Act. The … [Read more...]
COVID-19: Cruise Ship Linked To Australia’s ‘Worst Outbreak’
by Colin Packham (Reuters) - The leader of Australia’s New South Wales state apologized on Monday for failing to stop people carrying the coronavirus from disembarking from the Carnival Corporation owned ship, Ruby Princess, in Sydney in March, triggering what was at the time Australia’s worst outbreak. The apology from NSW Premier Gladys Berejiklian for her government’s … [Read more...]
Carnival Corporation Confirms Sale of Two Ships for Recycling in Turkey
Carnival Corporation announced agreements for the recycling of two retired cruise ships scheduled to leave its fleet. Carnival said the move comes as part of the its strategy for a phased resumption of cruises with specific ships and brands returning to service over time. The two ships in question are the 1990-built Carnival Fantasy and 1996-built Carnival … [Read more...]
Carnival Corporation to Begin Cruises in Phases
July 10 (Reuters) - Carnival Corp said on Friday it was planning to resume operations in a phased manner and would operate with a smaller fleet on its return, months after suspending trips due to the COVID-19 pandemic. The company's shares, that have lost more than two-thirds of their value this year, rose as much as 11% to $16.12 in morning trading. The world's largest … [Read more...]
Carnival Corporation Downgraded to Junk Status
June 23 (Reuters) - Ratings agency Standard & Poor's on Tuesday downgraded bonds of Carnival Corp to junk status, forecasting continued weak demand for the cruise industry hammered by the COVID-19 pandemic. Standard & Poor's cut its rating on the world's biggest cruise operator's secured bonds to 'BB+' from 'BBB-', and its unsecured bonds to 'BB-' from 'BBB-'. Both … [Read more...]